Gates Industrial Q1 sales rise 0.4% to $851.1 million; profit falls, guidance kept
Gates Industrial reported first-quarter 2026 net sales of $851.1 million, up 0.4% from the prior-year period, but core sales fell 2.9% and net income attributable to shareholders declined to $59.7 million from $62.0 million. The company reiterated its full-year 2026 guidance, so shareholders see slightly higher reported sales alongside lower earnings and no change to the outlook.
Key points
- Net sales were $851.1 million, up 0.4%, with core sales down 2.9%.
- Diluted EPS was $0.23 versus $0.24 a year earlier; Adjusted Net Income per diluted share was $0.35 versus $0.36.
- Adjusted EBITDA was $177.4 million, with a 20.8% margin, versus $187.3 million and 22.1% a year earlier.
- 2026 guidance was maintained, including core sales growth of 1% to 4% and Adjusted EBITDA of $775 million to $835 million.
The filing
Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.